GPA policy and GTL policy offer accidental and life coverage respectively. Both are fixed benefit policies that provide financial security to the employee’s family upon the employee’s death.
Coverage for GPA and GTL are as under –
| Group Personal Accident | Group Term Life |
| 1. Accidental Death (AD) | 1. Death (Natural & Accidental) |
| 2. Permanent Total Disability (PTD) | |
| 3. Permanent Partial Disability (PPD) | |
| 4. Temporary Total Disablement (TTD) | |
| Add-ons | Add-ons |
| 1. Accidental Medical Expenses (AME) | 1. Terminal Illness |
| 2. Children Education Benefit | 2. Critical Illness Rider (CI) |
| 3. Mobility Extension | 3. Accidental Death Benefit Rider (ADB) |
| 4. Last Rites Expenses |
GPA policy covers only accidental death, however, the scope of GTL policy is broader to cover both usual and accidental death. For example – If an employee is covered under both GPA and GTL insurance, upon his/her death due to an accident both policies will trigger however in the case of natural death only GTL will trigger.
Additional Read: What are the different types of Disabilities covered under a Group Personal Accident Plan?
Since both policies are tailor-made, i.e. a corporate can select the benefit structure for its group policy. In case the corporate decides to remove the dual coverage for accidental death, he/she can opt out of the unexpected death benefit from the GPA policy. The accidental death benefit is a critical policy benefit, removing this benefit leads to significant savings (approximately 25%-40%) in the cost of the Group Personal Accident policy.
PS – Though Accidental Death Benefit can be offered as a rider in the GTL policy, corporate generally choose the GPA policy for PTD, PPD, TTD, and AME benefits which are not provided under GTL policy.
Written By-
Gunjan Saxena
MBA Insurance Management
With a robust background in the insurance industry, Gunjan is a seasoned professional who brings 10 years of expertise to group personal accident insurance. Throughout her career, she has demonstrated a deep understanding of the intricacies and nuances of insurance products, particularly in personal accident coverage. Having worked closely with both individuals and businesses, she has gained valuable insights into the diverse needs and challenges faced by clients seeking insurance protection. Her experience encompasses designing tailored insurance solutions, providing expert advice, and guiding clients through the insurance process with confidence and clarity.
Through her articles, Gunjan aims to educate and inform readers about the importance of group personal accident insurance and the benefits it offers in safeguarding against unforeseen events.
